Dun & Bradstreet (NYSE:DNB) Sees Strong Trading Volume – What’s Next?

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNBGet Free Report) saw unusually-high trading volume on Friday . Approximately 4,684,937 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 3,349,210 shares.The stock last traded at $12.38 and had previously closed at $12.15.

Analysts Set New Price Targets

DNB has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.13.

Check Out Our Latest Stock Report on Dun & Bradstreet

Dun & Bradstreet Stock Up 1.5 %

The company’s fifty day simple moving average is $12.09 and its 200 day simple moving average is $11.71. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $5.45 billion, a PE ratio of -154.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNBGet Free Report) last released its earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dun & Bradstreet

Several large investors have recently made changes to their positions in DNB. Envestnet Asset Management Inc. increased its position in shares of Dun & Bradstreet by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 430,137 shares of the business services provider’s stock valued at $3,983,000 after acquiring an additional 15,970 shares in the last quarter. Xponance Inc. purchased a new stake in Dun & Bradstreet during the 2nd quarter valued at $100,000. The Manufacturers Life Insurance Company increased its holdings in shares of Dun & Bradstreet by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,727 shares of the business services provider’s stock worth $812,000 after purchasing an additional 6,187 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Dun & Bradstreet during the 2nd quarter valued at about $266,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Dun & Bradstreet in the 2nd quarter worth approximately $513,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

About Dun & Bradstreet

(Get Free Report)

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.

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